{"id":11296,"date":"2025-10-19T13:36:51","date_gmt":"2025-10-19T08:36:51","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/mortgage-loans-in-uzbekistan-increased-by-a-quarter-in-nine-months\/"},"modified":"2025-10-19T13:36:51","modified_gmt":"2025-10-19T08:36:51","slug":"mortgage-loans-in-uzbekistan-increased-by-a-quarter-in-nine-months","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/mortgage-loans-in-uzbekistan-increased-by-a-quarter-in-nine-months\/","title":{"rendered":"Mortgage loans in Uzbekistan increased by a quarter in nine months"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>The growth of mortgage loans indicates the revitalization of the housing market and increased credit activity, especially by banks. This increases the impact of the housing sector on the financial system and requires assessing household debt burden. <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>The volume of issued mortgage loans for the first nine months of 2025 amounted to approximately <strong>15.06 trillion soums<\/strong>, a 28.6% increase compared to the same period in 2024.<\/li>\n<li>The balance of mortgage loans reached 76 trillion soums, adding 8.3 trillion.<\/li>\n<li>The number of mortgage recipients increased from 42.7 thousand to 50.1 thousand (an increase of 17.8%).  <\/li>\n<li>The average loan amount increased by 9.8% and exceeded 300 million soums.<\/li>\n<li>The Ministry of Economy and Finance allocated 7.43 trillion soums (a 10.5% increase compared to last year), while the department&#8217;s share decreased from 57.4% to 49.3%.<\/li>\n<li>Banks increased financing by 63.5% to 6.12 trillion soums, and their share increased to 40.7% compared to less than 32% a year earlier.<\/li>\n<li>Among the regions, the city of Tashkent led with 4.81 trillion soums (an increase of 36.18%).<\/li>\n<li>More than 74% of loans are directed to the primary housing market, more than a year ago.<\/li>\n<li>By age group: 66% of recipients \u2014 31-50 years old; 25 percent \u2014 up to 30; 9 percent \u2014 older than 50. The majority of borrowers are men (60%). <\/li>\n<\/ul>\n<p><strong>What they say<\/strong><\/p>\n<ul>\n<li>\u041f\u043e \u0434\u0430\u043d\u043d\u044b\u043c \u0426\u0435\u043d\u0442\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0431\u0430\u043d\u043a \u0423\u0437\u0431\u0435\u043a\u0438\u0441\u0442\u0430\u043d\u0430, \u043f\u043e \u0441\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u044e \u043d\u0430\u202f1\u202f\u0438\u044e\u043d\u044f\u202f2025 \u043e\u0441\u0442\u0430\u0442\u043e\u043a \u0438\u043f\u043e\u0442\u0435\u0447\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432 \u2014 72,0\u202f\u0442\u0440\u043b\u043d\u202f\u0441\u0443\u043c\u043e\u0432 (+18\u202f% \u0437\u0430 \u0433\u043e\u0434) \u0441 \u0432\u044b\u0434\u0430\u0447\u0435\u0439 \u043d\u043e\u0432\u044b\u0445 \u2014 18\u202f%<\/li>\n<li>The Bank also notes that the average debt burden ratio (DTI) for borrowers is about 65% for mortgages, while 21% of borrowers have DTI greater than 100%.<\/li>\n<\/ul>\n<p><strong>Context<\/strong><\/p>\n<p>In 2024, the volume of mortgage loans amounted to 17.1 trillion soums (a 1.2% increase), and the number of borrowers decreased to 58.8 thousand people. In the first half of 2025, the growth was even sharper: the volume amounted to 9.44 trillion soums (an increase of 37.1%), and the primary market share was 74% of all mortgages.  <\/p>\n<p>At the same time, mortgage rates remain quite high: the average loan rate is about 19.8% in 2024. Experts note that the growth of retail lending (including mortgages) increases risks to the stability of the banking sector. <\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>Uzbekistan&#8217;s mortgage lending is showing significant growth in 2025 after stagnation in 2024. The main driver is commercial banks, which changes the structure of housing financing. At the same time, the high debt burden on borrowers and significant interest rates require close monitoring by regulators.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the beginning of 2025, the volume of issued mortgages in Uzbekistan has increased by 28-29%, to approximately 15.06 trillion soums. The number of borrowers increased to 50.1 thousand people. <\/p>\n","protected":false},"author":4,"featured_media":11278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/10\/68f4f25552a7b.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":11278,"YlB8HH34jIzY":"Mortgage loans in Uzbekistan increased by a quarter in nine months"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2212,2081,2079,2830,2153],"class_list":["post-11296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-banks","tag-cb","tag-finance","tag-mortgage","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mortgage loans in Uzbekistan increased by a quarter in nine months &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"Since the beginning of 2025, the volume of issued mortgages in Uzbekistan has increased by 28-29%, to approximately 15.06 trillion soums. 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